Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
House Passes Medicare Preauthorization Bill by Voice Vote
By Allison BellA key House Republican says congressional leaders must offset the bill's estimated $16.2 billion cost.
September 08, 2022
Senators Release Final Text of EARN Act Retirement BillThe bill will be part of the Senate's Secure 2.0 package, which must be reconciled with the House version.
September 08, 2022
Should Social Security Be Used to Fund Parental Leave?The New Parents Act is drawing opposition from libertarians and Social Security advocates alike.
August 29, 2022
New Bill Would Repeal Federal Taxes on Social Security BenefitsThe tax cut would be paid for by extending the payroll tax to wages over $250,000.
August 25, 2022
The New Electric Vehicle Tax Credit: Mind the DetailsThis Inflation Reduction Act tax break comes with income limitations, and not every electric vehicle will qualify.
August 23, 2022
Debate: How Should the IRS Treat Excess Business Losses?Two professors discuss stretching the limits on these losses for two more years through the Inflation Reduction Act.
August 22, 2022
Want a Better IRS? Simplify the Tax CodeThe Inflation Reduction Act expands its funding by $80 billion over ten years, but that move raises some serious questions.
August 19, 2022
Who Will the IRS Go After With Its $80B Budget Boost?The Inflation Reduction Act beefs up the IRS, but there's a hot debate over which individuals and income levels it will target.